Add to ORKGThis paper finds that fund managers do not expect mean reverting returns, as suggested by theory and empirical evidence, but mean averting returns. The degree of mean aversion is positively related to preferences for non-fundamental information and loss aversion.Mean aversion; return expectations; non-fundamental information; loss aversion
Prospect Theory proposed that the (dis)utility of losses is always more than gains due to a phenomen...
This chapter examines how the value and long-term return reversal or “mean reversion�? strategies ar...
We analyze why investors chose funds with performance fees even if expected fees are higher than in ...
Abstract This paper finds that fund managers do not expect mean reverting returns, as suggested by t...
We investigate whether regret can explain mutual fund managers' risk-shifting behavior. We propose a...
We investigate whether regret can explain mutual fund managers’ risk-shifting behav-ior. We propo...
Market sentiment, past index returns and fund’s past index-adjusted returns affect how much fund hol...
Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay...
We examine a simple measure of portfolio performance based on prospect theory, which captures not on...
We examine a simple measure of portfolio performance based on prospect theory, which captures not on...
In this paper we identify alternative definitions of return according to the preferences of differen...
This paper examines the importance of risk-adjusted versus total returns in mutual fund family inves...
The paper shows that mutual funds’ trading experiences bias their future repurchasing decisions. Mut...
This paper investigates the degree of risk aversion exhibited by Irish fund managers. Assuming a mea...
The present article aimed to investigate the relationship between the managers' loss-aversion charac...
Prospect Theory proposed that the (dis)utility of losses is always more than gains due to a phenomen...
This chapter examines how the value and long-term return reversal or “mean reversion�? strategies ar...
We analyze why investors chose funds with performance fees even if expected fees are higher than in ...
Abstract This paper finds that fund managers do not expect mean reverting returns, as suggested by t...
We investigate whether regret can explain mutual fund managers' risk-shifting behavior. We propose a...
We investigate whether regret can explain mutual fund managers’ risk-shifting behav-ior. We propo...
Market sentiment, past index returns and fund’s past index-adjusted returns affect how much fund hol...
Recent research reveals that hedge fund returns exhibit a range of different,possibly non-linear pay...
We examine a simple measure of portfolio performance based on prospect theory, which captures not on...
We examine a simple measure of portfolio performance based on prospect theory, which captures not on...
In this paper we identify alternative definitions of return according to the preferences of differen...
This paper examines the importance of risk-adjusted versus total returns in mutual fund family inves...
The paper shows that mutual funds’ trading experiences bias their future repurchasing decisions. Mut...
This paper investigates the degree of risk aversion exhibited by Irish fund managers. Assuming a mea...
The present article aimed to investigate the relationship between the managers' loss-aversion charac...
Prospect Theory proposed that the (dis)utility of losses is always more than gains due to a phenomen...
This chapter examines how the value and long-term return reversal or “mean reversion�? strategies ar...
We analyze why investors chose funds with performance fees even if expected fees are higher than in ...